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644 Oyster Dr., Myrtle Beach, SC 29588

3 beds • 2 baths • 1965 sqft

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This property looks like a bad Airbnb investment with a projected -16.27% first-year return on $102k initial cash invested.

-16.27%

Cash On Cash

2.08%

Cap Rate

0.35

DSCR

$1,903

Rent

-$1,380

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$399k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$79,800

Closing costs

1%

$3,990

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,903

Total Expenses

$3,283

Mortgage P&I

105%

$1,995

Property Taxes

6%

$120

Home Insurance

7%

$140

HOA

6%

$115

Property Management

15%

$285

CapEx

4%

$76

Vacancy

0%

$0

Maintenance

4%

$76

Other

25%

$476

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